However, presence of policy barriers and insufficient transmission infrastructure are key challenges for market
expansion.
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The geothermal turbines market is broadly categorized into major three segments based on the application type
such as dry steam plants, flash steam plants and binary cycle power plants. Flash steam plants segment is
growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of
geothermal turbines in flash steam plants segment is attributed to the cost advantage and higher market
penetration.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in implementation of latest technologies in energy
generation sector, surge in number of research & development activities in the region and existence of well-
established industrial infrastructure. In European region, Germany, France and United Kingdom are projected
to witness steady growth due the favorable government policies and presence of adequate transmission
infrastructure.
Asia-Pacific region is estimated to hold a major share in the geothermal turbines industry with massive growth
in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong
economic growth, rising crude oil prices, increasing energy demands, several government initiative to promote
use of renewable energy, and significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the geothermal turbines market are Calpine Corp., Enel Green Power North America Inc.,
Gradient Resources, Inc., Berkshire Hathaway Energy Co., Terra-Gen Power LLC, U.S. Geothermal, Inc., Toshiba
International Co., EthosEnergy Group Ltd., and ThermaSource LLC.
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